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Oct 9, 2013
10/13
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ceiling often got passed was you'd stick the debt ceiling onto a budget negotiation and once it was completed, because people figured, well, i don't want to take a bunch of tough votes to cut programs or raise taxes, and then also have to take a debt ceiling vote. let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going to let us default. that's what's changed. and that's what we learned in 2011. and so as a consequence i said, we're not going to do that again. not just for me, but because future presidents, republican or democrat, should not be in a position where they have to choose between making sure the economy stays afloat and we avoid worldwide catastrophe, or we provide concessions to one faction of one party in one house. but let me tell you a lesson i did not learn. i did not learn a lesson that we shouldn't compromise. i still think we should. i still think there are all kinds of issues that we should be talking about and i don't expect to get 100% of my way. and i'm still very open to having conversations wit
ceiling often got passed was you'd stick the debt ceiling onto a budget negotiation and once it was completed, because people figured, well, i don't want to take a bunch of tough votes to cut programs or raise taxes, and then also have to take a debt ceiling vote. let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going to let us default. that's what's changed. and that's what we learned in 2011. and so as a consequence i said,...
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Jan 11, 2013
01/13
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will be the debt ceiling which might come at the very same moment? >> as they stumble around, there is an evil force that nobody seems to want to understand but the money guys. that is the markets will get tired of all the fun and games and all the funny loose talks. neil: they haven't gotten tired of it yet. >> the real point is that that kind of stuff, it can happen in two years and two months or two days, and that is when the markets headed. inflation will go up, interest rates will go up, and we won't disappear. but we won't be number one. and then they will say, who did this? and they will look around and find a jerk in their district would not cut a nickel or raise the tax and they said, you led us to this and url. that's your only hope for democracy right now. neil: we are still waiting and hoping. he met cross your fingers. i know you will. >> okay, pal, take care. [laughter] neil: you are the best. alan simpson. we will leave it at that. coming up next, the health care law. workers are feeling jerked around. one worker is here to explain nex
will be the debt ceiling which might come at the very same moment? >> as they stumble around, there is an evil force that nobody seems to want to understand but the money guys. that is the markets will get tired of all the fun and games and all the funny loose talks. neil: they haven't gotten tired of it yet. >> the real point is that that kind of stuff, it can happen in two years and two months or two days, and that is when the markets headed. inflation will go up, interest rates...
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ceiling but as alternately on the spending cuts and as far as jack lew is confound what will be top of the agenda than what needs to be done going forward. he majorly moves will need to move towards get in the talks on the debt ceiling in place it would also be for him to create the platform from which. obama is reflecting his view that he wants to do something about his legacy u.s. is still facing huge reforms needed in particularly in the health care costs where health costs over the next ten years will double in percentage of g.d.p. so there's still a lot to be done and i think appointing a somewhat more political person to the choice is second chair will also indicate that obama means business is terrific doing this and in terms of ways to tackle the debt then there's been talk of this one trillion dollar platinum coin to be minted as a way to resolve the over sixteen trillion dollar debt do you see this is feasible is it crazy is it is a good idea how do you see this. theoretically is a very good idea isn't it if you have to my state you can just mean some coins and you're out
ceiling but as alternately on the spending cuts and as far as jack lew is confound what will be top of the agenda than what needs to be done going forward. he majorly moves will need to move towards get in the talks on the debt ceiling in place it would also be for him to create the platform from which. obama is reflecting his view that he wants to do something about his legacy u.s. is still facing huge reforms needed in particularly in the health care costs where health costs over the next ten...
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Jan 14, 2013
01/13
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ceiling if you don't cut spending and a president who says, first of all, i'm not going to cut spending unless you also raise taxes and, by the way, i'm not going to negotiate on the debt ceiling. if past is pro log, i don't think the market or the private sector is going to pay attention to this until the last minute, which means sometimes in the first few weeks of february. >> do you think we will see spending cuts, and by the way, do you think we'll see even higher taxes, greg? >> well, i think we will but i don't think we're going to see it in the form of the grand bargain. i think that kind of both that phrase and that method of doing deals is basically dead. it just doesn't work. the president believes that the speaker of the house of representatives john boehner, he just can't deliver. republicans, there's a deep lack of trust with respect to the administration. my expectation is that you're going to see a lot of muddle through this year. you might see the debt ceiling raised in one-month increments. i think you're going to have to get used to this pervasive patchwork and lack of
ceiling if you don't cut spending and a president who says, first of all, i'm not going to cut spending unless you also raise taxes and, by the way, i'm not going to negotiate on the debt ceiling. if past is pro log, i don't think the market or the private sector is going to pay attention to this until the last minute, which means sometimes in the first few weeks of february. >> do you think we will see spending cuts, and by the way, do you think we'll see even higher taxes, greg?...
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Oct 10, 2013
10/13
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over the next 10 years, we would raise the debt ceiling $2.1 trillion. and then we agreed on the next 10 years that we would reduce the projected growth of spending by $2.1 trillion. it gave the congress 10 years to find the cuts. we have already borrowed another 2 trillion dollars and we have hit the debt ceiling cap again. by the way, these are not really cuts. when you look at the united states budget, it was projected to increase spending from 37 trillion over 10 years to $47 trillion over 10 years. with the budget control act, spending when increase from 37 trillion to $45 trillion over 10 years. that is not really a cut in spending, is it? the reduction in the growth in spending was not extreme, not a responsible, and should be preserved and must be preserved. the president of the united states, after signing that agreement in august, the sequester was all part of the same deal, in january, he proposed a budget that would increase spending another trillion dollars and would raise taxes a trillion dollars. that is basically what our colleagues passe
over the next 10 years, we would raise the debt ceiling $2.1 trillion. and then we agreed on the next 10 years that we would reduce the projected growth of spending by $2.1 trillion. it gave the congress 10 years to find the cuts. we have already borrowed another 2 trillion dollars and we have hit the debt ceiling cap again. by the way, these are not really cuts. when you look at the united states budget, it was projected to increase spending from 37 trillion over 10 years to $47 trillion over...
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Jan 10, 2013
01/13
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FBC
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off on this debt ceiling issue. >> that's a tough call. i do believe in the rule, and you know it, every dollar of increase in the debt should be tied to a dollar of spending cuts. this is, i think, a financial emergency we are facing, and i think that is very commonsensical, and of the president rejects that, then who is responsible for not raising the debt ceiling? the congress or the president? i guess what i am saying is, lot of this will be determined by public opinion. as the public wants, a blank check to increase debt? if so, that is what the president will get. if they say, this is a real problem and we won't give him a blank check and an unlimited credit card in demand some spending cuts. i am not sure politically how this will play of, but i just don't think the republicans are going to give the president that. gerri: you know, $1 of spending for $1 of tax cuts rule, but he could not keep that rule when he passed the deal for the fiscal cliff. how do you think, for heaven's sake, you will be able to do it this time around. >> th
off on this debt ceiling issue. >> that's a tough call. i do believe in the rule, and you know it, every dollar of increase in the debt should be tied to a dollar of spending cuts. this is, i think, a financial emergency we are facing, and i think that is very commonsensical, and of the president rejects that, then who is responsible for not raising the debt ceiling? the congress or the president? i guess what i am saying is, lot of this will be determined by public opinion. as the public...
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Jan 12, 2013
01/13
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CNNW
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debt ceilings, budgets and spending cuts are all you'll hear coming out of washington for the next few months. the partisan warfare in washington could put a dent in any recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st, but like last time the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government risks not being able to pay some of its bills. republicans seem to think the debt ceiling is a useful tool to limit how much the government spends, but that is not what the debt ceiling law is supposed to do. it gives the u.s. treasury the flexibility to borrow money to pay the government's bills without going to congress to get approval every single time. it has nothing to do with spe spending or debt control. you might want it to be about spending control like i'd like to be in "people's" list of 50 most beautiful people. wishful thinking doesn't make it happen. they can use the debt ceiling as
debt ceilings, budgets and spending cuts are all you'll hear coming out of washington for the next few months. the partisan warfare in washington could put a dent in any recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st, but like last time the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government...
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Oct 8, 2013
10/13
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CNBC
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the debt ceiling got passed was you'd stick it onto a budget negotiation once it was completed because people would say i don't want to take a bunch of tough votes to cut raises or pay taxes. let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going let us default. that's what's changed and that's what we learned in 2011. and so as a consequence, i said, with another going do that again, not just for me, but because future presidents, republican or democrat should not be in a position to choose whether the economy stays afloat and we avoid worldwide catastrophe or we provide concessions to one faction of one party in one house. but let me tell you a lesson i learned. i think we should. tlink are all kinds of issues we should be talking about and i don't expect to get 100% of my way and i'm still very open to having conversations with not just the speaker but any republican over there. so -- go ahead. >> if you enter into a series of short-term funding bills or a debt ceiling funding bill, you will be back in the same place p
the debt ceiling got passed was you'd stick it onto a budget negotiation once it was completed because people would say i don't want to take a bunch of tough votes to cut raises or pay taxes. let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going let us default. that's what's changed and that's what we learned in 2011. and so as a consequence, i said, with another going do that again, not just for me, but because future...
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Jul 29, 2013
07/13
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MSNBCW
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speaker boehner mass said we won't raise the debt ceiling without real cuts in spending. >> so, you know, we've been through budget debates over last four years, and sometimes you get the sense that people are starting all over again as if we hadn't been through the last four years. we are not in the same place that we were in in 2011. we have seen several legislations enacted that have reduced the deficit very substantially. we are seeing the the most rapid reduction of the deficit since the end of world war ii when we demobilized. we're outperforming expectations in terms of how quickly we're reducing the deficit and reducing health care costs. >> debt crisis, the idea of austeri austerity, you don't think we face an urgent need for a grand bargain. >> we have an urgent need to address the fundamental cornerstones of thriving economy for the american middle class. we cannot cut our way to prosperity. we have already done a lot of deficit retux. we are on a path right now where, you know, just recently the imf said we're doing too much too quickly. we should be doing more in the long te
speaker boehner mass said we won't raise the debt ceiling without real cuts in spending. >> so, you know, we've been through budget debates over last four years, and sometimes you get the sense that people are starting all over again as if we hadn't been through the last four years. we are not in the same place that we were in in 2011. we have seen several legislations enacted that have reduced the deficit very substantially. we are seeing the the most rapid reduction of the deficit since...
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Jan 12, 2013
01/13
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for every dollar for the debt ceiling? >> well, there will be rules and demands but i think the discussion about the trillion dollar coin shows how cheesy things can get. we have a situation where we have this discussion, kind of discussion and you it's a kind of thing that really makes you wonder about the dignity of the united states government. >> is the president there, bob? is that hail to the chief? >> guess who didn't turn off his phone. >> and now we know your ring tone. robert, last question to you. the debt ceiling. >> it's a great question. i think republicans are manning the barricades, they are going to the demand spending cuts. we know that the president said that he will not negotiate with house republicans as this debt ceiling approaches. remember, represents are under political pressure, especially the speaker of the house. because republicans are frustrated about how the fiscal cliff went, to now they are looking at the debt ceiling. >> we will watch and see, i love that we got to find out that bob franke
for every dollar for the debt ceiling? >> well, there will be rules and demands but i think the discussion about the trillion dollar coin shows how cheesy things can get. we have a situation where we have this discussion, kind of discussion and you it's a kind of thing that really makes you wonder about the dignity of the united states government. >> is the president there, bob? is that hail to the chief? >> guess who didn't turn off his phone. >> and now we know your...
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Jan 10, 2013
01/13
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the first thing lew will do, the debt ceiling standoff, budget cuts, the same battle we have been hearing about and everythinges posturing for that. >> shepard: the signature aside -- i'm bored with the signature item -- there's never been much opposition or crying about jack lew before? >> he is almost a cipher to people outside of washington. he has been a washington insider and obama would be happy to have a guy who can get through without a lot of controversial because he will have a fight over chuck hagel. already pulled susan rice. so jack lew has worked with everybody on the hill, republicans and democrats, that's where the came from-spend the early part of his career. everybody knows him, a touch negotiator -- a tough negotiator. >> shepard: a very big player with a lot of work to do. you talk about what's coming up in march with the debt ceiling fight. the president already said he is not negotiating. >> of course and the republicans have drawn a line in the sand. so we have the starting point. now we have to see if either side is going to meet in the third medical. circumstances
the first thing lew will do, the debt ceiling standoff, budget cuts, the same battle we have been hearing about and everythinges posturing for that. >> shepard: the signature aside -- i'm bored with the signature item -- there's never been much opposition or crying about jack lew before? >> he is almost a cipher to people outside of washington. he has been a washington insider and obama would be happy to have a guy who can get through without a lot of controversial because he will...
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Jan 13, 2013
01/13
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CNNW
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they say they need to hold the debt ceiling hostage to get real spending cuts. ron johnson is a republican senator from wisconsin, a member of the senate budge committee. as i said, the debt ceiling is not actually about future spending, it is for paying for bills that we already bought. whether or not you think we should spend less money in the united states, do you agree with my premise? >> no, i don't ali and hello, by the way. what the debt ceiling is all about, is providing the president the authority to borrow more money, put it on the backs of our children and grandchildren. there's no doubt that we are not going to default on our debt. but what the debt ceiling allows or what the debt ceiling allows congress to do is to continue to deficit spend if we would stop incurring deficits, we wouldn't need to increase the debt ceiling. it's not about paying past bills, you bet into the cash flow aspect of this thing. basically what you're talking about is in order to increase the debt ceiling, we're giving the president the authority to put the burdened on our c
they say they need to hold the debt ceiling hostage to get real spending cuts. ron johnson is a republican senator from wisconsin, a member of the senate budge committee. as i said, the debt ceiling is not actually about future spending, it is for paying for bills that we already bought. whether or not you think we should spend less money in the united states, do you agree with my premise? >> no, i don't ali and hello, by the way. what the debt ceiling is all about, is providing the...
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Jan 28, 2013
01/13
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KNTV
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and i should add to that, a constitutional crisis in a way because this whole debt ceiling has been a weapon that the house of representatives have used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. i don't know how it the play out. >> meanwhile, the marketses are on fire. the s&p 500 hitting a new five-year high along with the dow jones industrial average. what is driving the stocks and do you think it's sustainable for the year? >> the part of it that i understand is that some of the risk has been pulled out of the market. so most recently that the u.s. has got three months before the next thing happening. some of the risks. and maybe just the election was determined and people aren't necessarily happy, some are, some aren't. but it's solved. take some uncertainty away. markets don't like uncertainty. so even though it wasn't very likely the european would fall apart, even though it wasn't very likely the u.s. would fall on its debt, pulling it out of the equation lifted markets a lot. >> meanwhile, new appointment, in the ob
and i should add to that, a constitutional crisis in a way because this whole debt ceiling has been a weapon that the house of representatives have used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. i don't know how it the play out. >> meanwhile, the marketses are on fire. the s&p 500 hitting a new five-year high along with the dow jones industrial average. what is driving the stocks and do you think it's sustainable for the...
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Jan 28, 2013
01/13
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[applause] the house will not consider another vote to increase the debt ceiling unless the senate passes a budget. we are going to point the country in the right direction. we are going to cut spending. [applause] when conservatives disagree on the way forward. we have never marched in lockstep. that is not what we do. and healthy debate is a good and needed thing. we can do that in private without doing it in public. all we ask of each other is thatwe need to give an honest account of our actions and the reasons for that. we should challenge the left and not each other. our founders were men of prudence. take james madison. nowadays they call him the founder of the constitution. but at the constitutional convention, he lost some key governments -- arguments. he fought for plan to give the states the same number of states in the government. he thought it was deeply unjust. in the first, he wanted to give congress even more power. he wanted it to be able to veto state laws. in both cases, madison argued vigorously for his side. and in both cases, he lost that argument. butwhen it came tim
[applause] the house will not consider another vote to increase the debt ceiling unless the senate passes a budget. we are going to point the country in the right direction. we are going to cut spending. [applause] when conservatives disagree on the way forward. we have never marched in lockstep. that is not what we do. and healthy debate is a good and needed thing. we can do that in private without doing it in public. all we ask of each other is thatwe need to give an honest account of our...
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Sep 25, 2013
09/13
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CNBC
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if it's going to take a trillion dollars of spending cuts for a year's worth of the debt ceiling, that becomes harder to do, you know, with each successive year. and the president, you know, is really calling congress's bluff on this law by saying he's not going to negotiate, that this slaw a construct of congress. it's something that they've created and they need to deal with it. it becomes difficult to see what is the end game on debt ceiling. you can only see an end game that ends with one side or the other blinking. .it's hard to predict what that's going to be. at the end of day, because congress has to act, it will be congress who blinks, but they won't blink until government has maybe taken a take or two of not paying .bills. >> frederick's view on whether the market has been too complacent in a moment. but i just wonder first, tony, whether allen greenspan is right. he says america is being pulled apart politically in ways unrivals since the after mag of the 1929 crash, that the political system is broken. >> he was there for the 1929 crash, right? so he knows it better. there
if it's going to take a trillion dollars of spending cuts for a year's worth of the debt ceiling, that becomes harder to do, you know, with each successive year. and the president, you know, is really calling congress's bluff on this law by saying he's not going to negotiate, that this slaw a construct of congress. it's something that they've created and they need to deal with it. it becomes difficult to see what is the end game on debt ceiling. you can only see an end game that ends with one...
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Jan 10, 2013
01/13
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FBC
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if not, if we're looking at a debt ceiling rising and that is a difficult situation. melissa: jonathan, real quick, last word. we're out of time. go ahead. >> this is the individual who signs the currency. he needs to be the fiscal voice of reason in the white house. jack lew is on record saying he doesn't believe big cuts are needed, big changes are needed. he is more of a surgical, small cut type of guy. this is exactly the wrong approach given our fiscal issues. melissa: we'll end on that. fantastic power panel. come back soon. thank you very much. nothing says can thing like scoring an oscar. the academy awards nominees are out. how much does it pay if you win? we'll crunch the numbers next. >>> plus the worst flu season in a decade is sweeping the country but the outbreak could make the economy fall ill. we'll explain coming up. do you ever have too much money? definitely don't have many oscars, that's for sure. ♪ . look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva hel
if not, if we're looking at a debt ceiling rising and that is a difficult situation. melissa: jonathan, real quick, last word. we're out of time. go ahead. >> this is the individual who signs the currency. he needs to be the fiscal voice of reason in the white house. jack lew is on record saying he doesn't believe big cuts are needed, big changes are needed. he is more of a surgical, small cut type of guy. this is exactly the wrong approach given our fiscal issues. melissa: we'll end on...
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Aug 27, 2013
08/13
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CNBC
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he says for a debt ceiling increase he wants more spending cuts and there is going to be negotiatio negotiations. what is the obama administration thinking? will there be a clean bill? >> no. we have the 2% across the board cut in discretionary spending. what we did was to see that had a positive effect on our economy. larry, i'm one of those. i think we need to do a 5% across the board cut. that would be a nice next step. we have too many bureaucrats with too much power and they're making the lives of american business people miserable. when i talked to a lot of small business owners in my district, they say overregulation, over taxation, over litigation makes it impossible for them to hire, to create new jobs, to do research and development, to invest and grow those businesses. so mr. lew has got this one wrong. >> many times you've heard the president say this and mr. lew said this, let's replace the sequester. that's their mantra. let's replace the sequester. do you think the republican conference will approve of getting rid of the sequester? >> no, i do not. the across the board cuts, we ma
he says for a debt ceiling increase he wants more spending cuts and there is going to be negotiatio negotiations. what is the obama administration thinking? will there be a clean bill? >> no. we have the 2% across the board cut in discretionary spending. what we did was to see that had a positive effect on our economy. larry, i'm one of those. i think we need to do a 5% across the board cut. that would be a nice next step. we have too many bureaucrats with too much power and they're...
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Jan 21, 2013
01/13
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FOXNEWSW
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>> nervous about the debt ceiling and sequestration that hurtd g.d.p. and the fiscal deal. again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more gamesmanship in both sides with a brief window. >> the economy is better, that is clear. housing is coming back. there is alignment between the business community and the priorities of the executive office. immigration reform. education. corporate tax reform. we need the other things we mentioned, the debt ceiling happened first. otherwise, this is going to be an uncertain year. >> why didn't you get picked if treasury? ing in against jack lew but they need guys like you. >> i am very flattered. fox sho
>> nervous about the debt ceiling and sequestration that hurtd g.d.p. and the fiscal deal. again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get...
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Jan 10, 2013
01/13
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CNBC
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this debt ceiling limit and the fight that is ensuing. tim get near is leaving january 25th. that means lew will be the main point person for this debt ceiling drama. so, what does this mean ahead of what is likely to be another hard fight? perhaps the best clues for that are in an op-ed from two years ago from jack lew. inis entitled "the easy cuts are behind us." the piece absolutely advocates getting out of our debt and getting the debt and deficit under control. but it does so by discussing some cuts in defense and then examples of scaling back things like something called the great lakes restoration initiative. not eliminating it, just cutting it by maybe a quarter of its present cost. a sav
this debt ceiling limit and the fight that is ensuing. tim get near is leaving january 25th. that means lew will be the main point person for this debt ceiling drama. so, what does this mean ahead of what is likely to be another hard fight? perhaps the best clues for that are in an op-ed from two years ago from jack lew. inis entitled "the easy cuts are behind us." the piece absolutely advocates getting out of our debt and getting the debt and deficit under control. but it does so by...
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Jan 11, 2013
01/13
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FBC
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democrats say are not done raising revenue they're demanding higher taxes with the debt ceiling. but the president says he will then negotiate so he will have to raise taxes unilaterally. he does a lot of that. who thought we would see president taking credit for making the bush tax cuts permanent? he is bragging now they're permanent. 98 percent of americans anyway. i love politics. >> america is tattoo obsession body art covering bodies and faces of celebrities and use. our psychologists will describe the east epidemic. >> a deadly outbreak of the flu declarers the state of emergency. the worst droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. aah! learning how to kick flip 6 stairs takes determination. so will getting into college. i've got what it takes. so do you. a. lou: joining me now is the "a team" monica crowley, a great to have you with us. juan willia
democrats say are not done raising revenue they're demanding higher taxes with the debt ceiling. but the president says he will then negotiate so he will have to raise taxes unilaterally. he does a lot of that. who thought we would see president taking credit for making the bush tax cuts permanent? he is bragging now they're permanent. 98 percent of americans anyway. i love politics. >> america is tattoo obsession body art covering bodies and faces of celebrities and use. our...
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Jan 11, 2013
01/13
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FBC
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democrats say are not done raising revenue they're demanding higher taxes with the debt ceiling. but the president says he will then negotiate so he will have to raise taxes unilaterally. he does a lot of that. who thought we would see president taking credit for making the bush tax cuts permanent? he is bragging now they're permanent. 98 percent of americans anyway. i love politics. >> america is tattoo obsession body art covering bodies and faces of celebrities and use. our psychologists will describe the east epidemic. >> a deadly outbreak of the flu declarers the state of emergency. the worst outbreak in years. the nra goes to the white house for a meeting and comes out swinging. the "a team." next. [ male announcer ] where do you turn for legal matters? alegalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with
democrats say are not done raising revenue they're demanding higher taxes with the debt ceiling. but the president says he will then negotiate so he will have to raise taxes unilaterally. he does a lot of that. who thought we would see president taking credit for making the bush tax cuts permanent? he is bragging now they're permanent. 98 percent of americans anyway. i love politics. >> america is tattoo obsession body art covering bodies and faces of celebrities and use. our...
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Jan 12, 2013
01/13
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MSNBCW
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because the debt ceiling represents spending that is already appropriated by congress. republicans say they want to trade it dollar for dollar, every spending cut has to be measured by the increase in the debt ceiling, but there is already some weakening republican ranks about whether they will go through. forcing a dae fault on the debt would be catastrophic to the country. it's very hard to hold that up as a hostage. >> we look at march 1st as a drop dead deadline. but you write that the government will be unable to pay its bills sometime between february 15th and march 1st. what does changing the timetable do to things? >> we don't know an exact date. that date from the bipartisan policy center, basically measuring the cash flow to the government. we're in an uncertain season, where we had the big fight over the fiscal cliff and tax revenue coming in, and there are tax refunds sent out, it creates a balance of how much money the treasury can keep going and the government coffers and not precisely clear when that will basically run out we hit the debt limit on decembe
because the debt ceiling represents spending that is already appropriated by congress. republicans say they want to trade it dollar for dollar, every spending cut has to be measured by the increase in the debt ceiling, but there is already some weakening republican ranks about whether they will go through. forcing a dae fault on the debt would be catastrophic to the country. it's very hard to hold that up as a hostage. >> we look at march 1st as a drop dead deadline. but you write that...
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Jan 16, 2013
01/13
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CNBC
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however, you can race the debt ceiling and cut spending at the same time. on top of that, you kcan fix th $2 trillion situation. that is my take. charlie wrangle from new york and i begin with you. i don't understand why that can't be done. you can get that done. you are one of my buddies, but i object to you using the default. you have enough cash flow and the vast majority. i hate that argument. i know. but it is wrong to call it default. >> why not avoid default all together. because i believe it distorts the rest of the debate the good congressman and i need to have. >> cutti inting spending, i don want to get hung up on default. it is all bad. welcome back, sir, why can't we have our cake and eat it too? why can't we compromise with spending cuts at the same time too? >> we can do it as long as we recognize it is apples and oranges. our obligation has nothing to do with our inability to govern our own spending and taxes. but anytime one tries to hold it, that is when it is wrong. whatever you want to call it, when you have a moral and constitutional ob
however, you can race the debt ceiling and cut spending at the same time. on top of that, you kcan fix th $2 trillion situation. that is my take. charlie wrangle from new york and i begin with you. i don't understand why that can't be done. you can get that done. you are one of my buddies, but i object to you using the default. you have enough cash flow and the vast majority. i hate that argument. i know. but it is wrong to call it default. >> why not avoid default all together. because i...
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Jan 12, 2013
01/13
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KQED
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>> we're past the fiscal cliff and we're looking at the three debt ceiling which has to be raised, the croots board spending cuts, the so-called sequester march 1 and at the end of march the government runs out of money to operate and the republicans will make an issue out of that. i think geithner was shrewd. he's leaving on january 25, timothy geithner says, so he's telling the senate i'm not sticking around until you confirm jack lew. either you confirm him or you'll deal with the deputy. lew will have a hectic first couple of months. gwen: this has been a remarkably stable economic team with the president. we've had tim geithner there the entire time, gene sperling has been there the entire time and now we're expecting for the head of the fod leave and that's more upheaval. >> it is true that jack lew has been part of the establishment. the president likes people with whom he's comfortable but there's a huge decision coming up. ben bernanke's term is up in january 2014. it's clear he doesn't want another term and that's a big decision of lasting consequences. gwen: it never calms d
>> we're past the fiscal cliff and we're looking at the three debt ceiling which has to be raised, the croots board spending cuts, the so-called sequester march 1 and at the end of march the government runs out of money to operate and the republicans will make an issue out of that. i think geithner was shrewd. he's leaving on january 25, timothy geithner says, so he's telling the senate i'm not sticking around until you confirm jack lew. either you confirm him or you'll deal with the...
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Oct 6, 2013
10/13
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FOXNEWSW
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. >> we're moving toward the debt ceiling. three years ago, two years go, we did the debt ceiling, everybody got hurt by it. they did extend it with sequestration built in. automatic spending cuts. the same thing is going to have to happen, i think, this time, which is what is it that the tea party and the republicans want? i think what they want is spending restraint entitlement reform, something. >> can they get it? >> well, if obama won't negotiate, he'll be the one risking the downgrade of the bonds, which i don't think -- they'll have to come up with something. >> republicans are taking the hit. you look at the polls. the longer this thing goes on and if it goes on to the debt ceiling, which could be catastroph catastrophic, and could lead to, you know, we already have a fragile economy as it is, horrible gdp, horrible unemployment, if it goes negative in a big way, the president bears the responsibility for that, does he not? >> yes, he does. and the problem is because he's the leader of the government. in 2011, despite
. >> we're moving toward the debt ceiling. three years ago, two years go, we did the debt ceiling, everybody got hurt by it. they did extend it with sequestration built in. automatic spending cuts. the same thing is going to have to happen, i think, this time, which is what is it that the tea party and the republicans want? i think what they want is spending restraint entitlement reform, something. >> can they get it? >> well, if obama won't negotiate, he'll be the one risking...
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Sep 18, 2013
09/13
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CSPAN2
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that's why it's also important that congress move as soon as possible to raise the debt ceiling and eliminate any uncertainty about america's ability to pay its bills. as many of you know we will soon be unable to finance the government of congress fails to raise the debt ceiling. raising the debt limit is congress's responsibility and congress and congress alone is empowered to set the maximum amount the government can borrow to meet its financial patience. it's important to notice i've done before that the debt limit has nothing to do with new spending. it has to do with spending that congress has approved an bills that have already been incurred. failing to raise the debt limit would not make these bills disappear. we reached the debt limit in may since that time the treasury has used use what are called extraordinary measures to avoid defaulting on our obligations. i notify congress in august of these extraordinary measures would be exhausted by the middle of october. if congress fails to act and those measures are exhausted we will have to use what cash balances we have on hand to fund t
that's why it's also important that congress move as soon as possible to raise the debt ceiling and eliminate any uncertainty about america's ability to pay its bills. as many of you know we will soon be unable to finance the government of congress fails to raise the debt ceiling. raising the debt limit is congress's responsibility and congress and congress alone is empowered to set the maximum amount the government can borrow to meet its financial patience. it's important to notice i've done...
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Jan 9, 2013
01/13
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CNBC
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they have to make it up in the fiscal debt ceiling increase. they have to insist on spending cuts. what it means is having lost once on december 31st, they are tougher to negotiate the next time around. >> they always said it would come to a political game with the chicken or the debt ceiling. >> correct. >> see you soon. >> got breaking news right now. stunning news coming into the cnbc newsroom. what is it? >> for the third time since 1965, baseball writers of america did not elect a single person into the baseball hall of fame. this a big deal because a lot of players associated with the steroid jer gentleman were up. i want to give people percentages here. barry bonds received 36.2% to get in. roger clemens, mark mcguire 16 ppt 9 and sammy sosa 12.5%. shock numbers there. the closest to get in is craig bijo. 68% plus. in terms of the order. so none of those players talking clemens, and barry bonds and sammy sosa even in the top six. back to you. >> tainted era. >> yes it is. >> thank you very much. before we go to break, check out thing that makes you go hhmmmm. a new survey sh
they have to make it up in the fiscal debt ceiling increase. they have to insist on spending cuts. what it means is having lost once on december 31st, they are tougher to negotiate the next time around. >> they always said it would come to a political game with the chicken or the debt ceiling. >> correct. >> see you soon. >> got breaking news right now. stunning news coming into the cnbc newsroom. what is it? >> for the third time since 1965, baseball writers of...
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Oct 10, 2013
10/13
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ALJAZAM
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. >>> coming up on "real money" beyond the government shutdown and the debt ceiling a debate is coming over america's deficit spending. we'll explain what it is and how cutting it may be hard on the economy. and we'll introduce you to the inebb eventer who is using legos and other devises to make medical devices cheaper. ♪ >>> hello, i'm meteorologist kevin corriveau. yesterday we were talking about a cyclone. this is an historical cyclone, because since 1999 there have been only there three cyclones that have made landfall in india. back to 1999 the cyclone was the equivalent to category 4 hurricane. this is the equivalent to a category 3 hurricane. when it made landfall in 1999 over 3,000 people died. so we are watching this extremely carefully. the size of the storm from the northeast to the southwest is about 800 miles wide, so it is a very big storm here. the track really hasn't changed, the intensity has changed. it has gotten stronger than what was forecasted to be. we think it is going to be making this track, but all of the land areas on the right are the ones that will be e
. >>> coming up on "real money" beyond the government shutdown and the debt ceiling a debate is coming over america's deficit spending. we'll explain what it is and how cutting it may be hard on the economy. and we'll introduce you to the inebb eventer who is using legos and other devises to make medical devices cheaper. ♪ >>> hello, i'm meteorologist kevin corriveau. yesterday we were talking about a cyclone. this is an historical cyclone, because since 1999 there...
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ceiling often got passed was you'd stick the debt ceiling onto a budget negotiation once it was completed, because people figured, well, i don't want to take a bunch of tough votes to cut programs or raise taxes and then also have to take a debt ceiling vote, let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going to let us default. that's what's changed. and that's what we learned in 2011. and so as a consequence, i said we're not going to do that again not just for me, but because future presidents, republican or democrat, should not be in a position where they have to choose between making sure the economy stays afloat and we avoid worldwide catastrophe, or we provide concessions to one faction of one party in one house. but let me tell you a lesson i did not learn, i did not learn a lesson that we shouldn't compromise. i still think we should. i still through there are all kinds of issues that we should be talking about, and i don't want it 100% my way. and i'm still very open to having conversations not just with the spe
ceiling often got passed was you'd stick the debt ceiling onto a budget negotiation once it was completed, because people figured, well, i don't want to take a bunch of tough votes to cut programs or raise taxes and then also have to take a debt ceiling vote, let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going to let us default. that's what's changed. and that's what we learned in 2011. and so as a consequence, i said we're not...
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Jul 28, 2013
07/13
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CNNW
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more cuts before you raise the debt ceiling, and you have a party that's split on whether, in fact, government spending should continue into the new fiscal year with obama care. you have folks in your party saying, unless obama care is defunded, we won't keep the government in business. aren't those all signs of a party that's really split? >> a healthy debate can be good. one of the issues you mentioned there about the nsa, i thought it was absolutely disgraceful that so many republicans voted to defund the nsa program, which has done so much to protect our country. this is an isolation streak that's in our party. it goes totally against the party of eisenhower, bush. i mean, we are a party of national defense. we're a party who did so much to protect the country over the last 12 years. >> where's the real republican party? which one of those? where's the real republican party? >> i think we're going to find that out over the next three years. i want the republican party to be a party of strong national defense and a party who, for instance, can reach out to labor unions, construct
more cuts before you raise the debt ceiling, and you have a party that's split on whether, in fact, government spending should continue into the new fiscal year with obama care. you have folks in your party saying, unless obama care is defunded, we won't keep the government in business. aren't those all signs of a party that's really split? >> a healthy debate can be good. one of the issues you mentioned there about the nsa, i thought it was absolutely disgraceful that so many republicans...
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Oct 21, 2013
10/13
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KNTV
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the debt ceiling is a misnomer. we've never not increased it, and the first thing you do when you're addicted to something is to present the reality to yourself that you're addicted. and we didn't do anything except create a big mess in washington, and i'm not so inclined to think it was the tea party as much as it was outside interest groups and a few individuals within our party that took advantage of that situation. look, the real problems are we're continuing to spend money we don't have on things that we don't need, there is tremendous amounts of waste and fraud. we have to protect the promises made to the american people, and we can do that, but we can do that spending a whole lot less money than we're doing today. >> let me ask you about obama care, because that fight does not appear to be going away. your colleague, senator ted cruz, has said that he would do anything in the future to stop the train wreck that is obama care. do you believe the fight against obama care is over? >> well, i think focusing on ob
the debt ceiling is a misnomer. we've never not increased it, and the first thing you do when you're addicted to something is to present the reality to yourself that you're addicted. and we didn't do anything except create a big mess in washington, and i'm not so inclined to think it was the tea party as much as it was outside interest groups and a few individuals within our party that took advantage of that situation. look, the real problems are we're continuing to spend money we don't have on...
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Oct 10, 2013
10/13
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FBC
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ceiling for six weeks, use the time you've got to discuss serious spending cuts. is that a plan you can discuss? could you support this kind of compromise? >> stuart, i have been talking to paul wright and others about a number of options on the table. the thing most of us want to see a long-term deal. if we do something in the short term, it has to be also focus on addressing the problems and making sure we are having real negotiations to ultimately solve the bigger problems i'm mandatory spending. the president waiting for day 10, but we are shutting down, needs to be a lot more of these conversations in washington. stuart: you take a hard line on this, and you have a lot of support in this country and from our viewers. would you support a short-term deal, just to get it done and to lead the process, would you support it on space? >> i'm going to be seeing what the big picture is, is there a real plan to address the spending problems to get on a path of balanced budget? i have been talking to paul ryan and others having serious conversations within our own confe
ceiling for six weeks, use the time you've got to discuss serious spending cuts. is that a plan you can discuss? could you support this kind of compromise? >> stuart, i have been talking to paul wright and others about a number of options on the table. the thing most of us want to see a long-term deal. if we do something in the short term, it has to be also focus on addressing the problems and making sure we are having real negotiations to ultimately solve the bigger problems i'm...
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Jan 15, 2013
01/13
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FOXNEWSW
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throughout the press conference, obama blasted republicans, who want to tie the debt ceiling to cutting spending and obama says blow up the economy and risk the full faith and credit of the united states and to do so is irresponsible, the consequences of not paying our bill would be disastrous. the charges went on and on and on and made it sound like only an anarchist would oppose raising the debt ceiling. listen to this: . >> what i will not do is to have that negotiation with a gun at the head of the american people, the threat that unless we get our way, unless you gut medicare or medicaid or otherwise slash things that the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. look, i don't think anybody would consider my position unreasonable here. democrats don't like voting for the debt ceiling when the republican's president, but you never saw the situation in which democrats suggested somehow that we would go ahead and default if we didn't get 100% of our way, that's just not how it's supposed to work. >> sean: hearing that i
throughout the press conference, obama blasted republicans, who want to tie the debt ceiling to cutting spending and obama says blow up the economy and risk the full faith and credit of the united states and to do so is irresponsible, the consequences of not paying our bill would be disastrous. the charges went on and on and on and made it sound like only an anarchist would oppose raising the debt ceiling. listen to this: . >> what i will not do is to have that negotiation with a gun at...
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Jan 11, 2013
01/13
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FOXNEWS
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ceiling. >> i think he can be. i think the reason they never brought up a budget is because the democrats would have had to -- defend openly in public debate an unsupportable, indefensible plan that their president was promoting. and they would have had to follow it or reject it. and of course, when lew's budget was brought before the senate and the house, if you remember, greta, it got zero votes -- not a republican or a committee in the -- or a democrat in the house or the senate voted for a bill that mr. lew was the architect of. i don't think that speaks well for a man who would take on the position of treasury secretary. >> greta: president obama says he facilitates deal, citing president reagan and speaker o'neill on social security and president clinton and a republican congress on the issue of a budget deal. i am curious whether you agree that he has brought the two sides together. if so, where has that been in the last go-round, the last 18 months? >> the last fiscal cliff deal, he -- his chief of staff at
ceiling. >> i think he can be. i think the reason they never brought up a budget is because the democrats would have had to -- defend openly in public debate an unsupportable, indefensible plan that their president was promoting. and they would have had to follow it or reject it. and of course, when lew's budget was brought before the senate and the house, if you remember, greta, it got zero votes -- not a republican or a committee in the -- or a democrat in the house or the senate voted...